But if you're really good at it, then you can get a short term rental to perform well.

These are 668 square feet and will rent $1600-$1800 depending on the urban adjacent neighborhood. that's rental prices of $2.39 to $2.69 per square foot. that's on a long term rental. on a short term rental the prices would be higher but we haven't had any clients do that yet.

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

Are you able to get an extension on closing to support the timeframe of lender B?

This bodes well for long-term equity growth.Rising Rents: The uptick in rental prices shows a strong demand for rental properties and could lead to better cash flow for investors.Economic Strength: Reading has a diverse economy, with key sectors like manufacturing, healthcare, and education providing stability.Rental Demand: Low vacancy rates signal that people are actively renting in the area, which is essential for scalability.Future Development: Any upcoming infrastructure projects or new businesses could further boost the market.With these positive trends, it seems like Reading could be a scalable rental market.

A more holeistic approach is needed: long term wealth is mostly created by principal pay down and appreciation.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

Congrats on your pre-approval and your plan to make Florida your primary residence while leveraging house hacking or short-term rentals (STRs).

But I see people turning long term or highly appreciated primaries in to rentals.

You should look at AirDNA for information about short term rental in the area.